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US Equity Indexes Close Higher Tuesday as Job Vacancies Fall
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US Equity Indexes Close Higher Tuesday as Job Vacancies Fall
Jun 4, 2024 1:34 PM

04:11 PM EDT, 06/04/2024 (MT Newswires) -- US benchmark equity indexes ended higher Tuesday as investors analyzed official data showing that job openings fell in April to the lowest level in more than three years.

* Vacancies in the US came in at about 8.06 million as of the last day of April, down from the previous month's downwardly revised 8.36 million print, according to the Bureau of Labor Statistics' Job Openings and Labor Turnover survey. The consensus was for a decline to 8.35 million openings in a survey compiled by Bloomberg.

* Redbook reported that US same-store retail sales were up 5.8% year-over-year in the week ended June 1, slower than a 6.3% gain in the prior week as sales were mostly driven by seasonal items and bargain shopping after the Memorial Day holiday. The preliminary target for June looks for a 5.6% gain.

* July West Texas Intermediate crude oil fell $0.94 to $73.28 per barrel, while August Brent crude, the global benchmark, was last seen down $0.83 to $77.53, after OPEC+ said it plans to roll back voluntary production cuts beginning in Q4.

* Honeywell International ( HON ) shares rose 2.2% after the company said it completed the acquisition of Carrier Global's ( CARR ) security business for $4.95 billion, while also updating its full-year financial outlook.

* Bath & Body Works ( BBWI ) shares slumped 13% after the company issued a downbeat fiscal Q2 earnings outlook and narrowed its full-year guidance.

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